Douglas J. Milanes - 25 Jul 2021 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
SVP, Chief Supply Chain Ofcr
Signature
Jessica P. Lange, Attorney-in-fact for MILANES, DOUGLAS J.
Issuer symbol
DRI
Transactions as of
25 Jul 2021
Net transactions value
-$232,822
Form type
4
Filing time
27 Jul 2021, 17:37:11 UTC
Previous filing
09 Jul 2021
Next filing
30 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +1,453 +11378% $0.000000 1,466 25 Jul 2021 Direct F1
transaction DRI Common Stock Options Exercise $0 +1,303 +89% $0.000000 2,769 25 Jul 2021 Direct F2
transaction DRI Common Stock Tax liability $74,139 -513 -19% $144.52 2,256 25 Jul 2021 Direct
transaction DRI Common Stock Tax liability $82,810 -573 -25% $144.52 1,683 25 Jul 2021 Direct
transaction DRI Common Stock Options Exercise $0 +1,331 +79% $0.000000 3,014 26 Jul 2021 Direct F1
transaction DRI Common Stock Tax liability $75,873 -525 -17% $144.52 2,489 26 Jul 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DRI Performance Restricted Stock Units (FY19) Options Exercise $0 -1,453 -51% $0.000000 1,381 25 Jul 2021 Common Stock 1,453 Direct F1, F3, F4
transaction DRI Restricted Stock Units (FY19 Annual Grant) Options Exercise $0 -1,303 -100% $0.000000* 0 25 Jul 2021 Common Stock 1,303 Direct F2
transaction DRI Performance Restricted Stock Units (FY18) Options Exercise $0 -1,331 -100% $0.000000* 0 26 Jul 2021 Common Stock 1,331 Direct F1, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance restricted stock units convert into common stock on a one-for-one basis.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 Includes 72 additional shares delivered as dividend equivalents upon settlement pursuant to the terms of the applicable award agreement. Fractional shares are settled in cash pursuant to the terms of the award agreement.
F4 This grant vests in two equal annual installments beginning on July 25, 2021.
F5 Includes 87 additional shares delivered as dividend equivalents upon settlement pursuant to the terms of the applicable award agreement. Fractional shares are settled in cash pursuant to the terms of the award agreement.
F6 This grant vested in two equal annual installment beginning on July 26, 2020.